Silvant Capital Management LLC Invests $3.99 Million in XPO, Inc. $XPO

Silvant Capital Management LLC purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 19,446 shares of the transportation company’s stock, valued at approximately $3,992,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in XPO during the second quarter worth about $2,985,276,000. Durable Capital Partners LP grew its stake in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank purchased a new stake in shares of XPO in the 4th quarter valued at approximately $204,304,000. Bessemer Group Inc. grew its stake in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after buying an additional 1,299,480 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on XPO. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. raised their target price on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Citigroup cut their target price on XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. UBS Group upped their price target on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Citizens Jmp assumed coverage on XPO in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 7,400 shares of company stock valued at $1,526,502. Company insiders own 0.87% of the company’s stock.

XPO Stock Performance

NYSE:XPO opened at $197.13 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $23.08 billion, a P/E ratio of 58.15, a PEG ratio of 2.00 and a beta of 1.85. The company has a 50 day moving average price of $206.12 and a 200 day moving average price of $205.00. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Equities research analysts forecast that XPO, Inc. will post 5.44 EPS for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.